C B Bhave to inaugurate United Stock Exchange

Written by: Nitsi
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Mumbai, Sep 20: The latest stock exchange for currency derivatives, United Stock Exchange of India (USE) is set to commence operations from Monday, Sep 20.

According to CNN-IBN, the exchange will be inaugurated by Securities and Exchange Board of India (SEBI) Chairman, C B Bhave, and Reserve Bank of India's Deputy Governor, Shyamala Gopinath, at Bombay Stock Exchange(BSE).

USE is set to operate in all four currency pairs namely, dollar-rupee, euro-rupee, yen-rupee and pound-rupee.

The new exchange has unique Public-Private partnership with equity participation by both PSUs and the private sector banks.

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